626 S Hardy AveIndependenceMO64053
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Independence at 626 S Hardy Ave, Independence, MO, 64053 offers $1,517/mo rent that, after a $636/mo payment, leaves $708/mo cash flow. Total monthly income is $1,517/mo, and annual cash flow is $8,494/yr on $43,062 cash. Return on cash invested measures 39.63% in year one, and rental yield stands at 14.01% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 208.68% and total cumulative return in cash reaches $89,863. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,517/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64053, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,644 (100%) |
| Owner Occupied HU | 1,235 (46.7%) |
| Renter Occupied HU | 1,076 (40.7%) |
| Vacant Housing Units | 333 (12.6%) |
| Median Home Value | $87,337 |
| Average Home Value | $136,152 |
Housing Distribution
Address Breakdown
Residential
2,424
Single Family
2,362
Multi-Family
62
Businesses
76
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Stjernholm • Trelora Realty
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2582342